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Voluntary Agreement

Compare Debt Management Plans & IVA's

A voluntary agreement, also known as an IVA, is an agreement between you and your creditors to pay your debts at a more affordable monthly payment with the chance of writing off any unpaid debt at the end of your IVA plan. You agree to make regular payments to an insolvency practitioner who will then divide this money between your creditors. To find out more about insolvency practitioners please visit here.